AI Trading NASDAQ Tue, 24 Oct

Dear Reader,

Today’s featured asset is Ziff Davis Inc (ZD). Trading with our AI strategy between 2021-07-28 and 2022-12-02 could have potentially yielded a 103.09% return, with an average return per trade of 34.36% and 90 days in the long position. There were 3 positions taken in total. The model suggests that ZD is a STRONGBUY at a buy price target of 62.65, with an overall accuracy of 0.77 when predicting an upward trend in the following 2 weeks. The analyst consensus price target is 100.44.

Ziff Davis Inc (Symbol: ZD) is a global digital media leader and provider of Internet services, headquartered in Los Angeles, California. It is listed on the NASDAQ Exchange and currently trades at a share price of 62.65 (as of 2023-10-23). The company is part of the Technology sector and Telegraph & Other Message Communications industry.

The company’s financial performance in the most recent quarter (2022-09-30) was reported as follows: Market Capitalization of $4250075000, EBITDA of $455038000, Price to Earnings (P/E) Ratio of 11.67, Price to Earnings Growth (PEG) Ratio of 0.84, Book Value of 38.01, EPS of 7.72, Revenue per Share (TTM) of 29.74, Profit Margin of 0.254, Operating Margin (TTM) of 0.162, Return on Assets (TTM) of 0.0391, Return on Equity (TTM) of 0.237, Revenue (TTM) of 1402925000, Gross Profit (TTM) of 1228669000, Diluted EPS (TTM) of 7.72, Quarterly Earnings Growth (YOY) of -0.558, Quarterly Revenue Growth (YOY) of -0.037, Analyst Target Price of 100.44, Trailing P/E of 11.67, Forward P/E of 12.0, Price to Sales Ratio (TTM) of 2.721, Price to Book Ratio of 2.232, EV to Revenue of 3.127, EV to EBITDA of 6.4, Beta of 1.092, 52 Week High of 109.98, 52 Week Low of 66.85, 50 Day Moving Average of 85.28, 200 Day Moving Average of 80.16, Shares Outstanding of 47191600, Dividend Date of 2019-06-04 and Ex-Dividend Date of 2019-05-17.

The company’s share price has seen a steady rise over the past year, with the current share price of 62.65 representing a 40% increase in share price since October of last year. This performance is in line with the overall growth in the Technology sector, which has seen a similar increase in share prices over the same period. Looking ahead, the company is expected to continue to benefit from its strong position in the digital media market, with analysts predicting a target price of 100.44 in the near future.

Symbol: ZD
AssetType: Common Stock
Name: Ziff Davis Inc
Description: J2 Global, Inc. provides Internet services worldwide. The company is headquartered in Los Angeles, California.
CIK: 1084048
Exchange: NASDAQ
Currency: USD
Country: USA
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 4250075000
EBITDA: 455038000
PERatio: 11.67
PEGRatio: 0.84
BookValue: 38.01
DividendPerShare: 0
DividendYield: 0.0064
EPS: 7.72
RevenuePerShareTTM: 29.74
ProfitMargin: 0.254
OperatingMarginTTM: 0.162
ReturnOnAssetsTTM: 0.0391
ReturnOnEquityTTM: 0.237
RevenueTTM: 1402925000
GrossProfitTTM: 1228669000
DilutedEPSTTM: 7.72
QuarterlyEarningsGrowthYOY: -0.558
QuarterlyRevenueGrowthYOY: -0.037
AnalystTargetPrice: 100.44
TrailingPE: 11.67
ForwardPE: 12.0
PriceToSalesRatioTTM: 2.721
PriceToBookRatio: 2.232
EVToRevenue: 3.127
Beta: 1.092
52WeekHigh: 109.98
52WeekLow: 66.85
50DayMovingAverage: 85.28
200DayMovingAverage: 80.16
SharesOutstanding: 47191600
DividendDate: 2019-06-04
ExDividendDate: 2019-05-17

Date Symbol Prediction Model Accuracy Price Target Analyst Target
2023-10-23 ZD STRONGBUY 0.77 62.65 100.44
2023-10-17 ZD WEAKBUY 0.77 64.76 100.44

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The Third Perspective Team